Tuesday, 12 April 2016

South Africa Gets Investment Awards at the Annual Investor Meeting in Dubai

PRETORIA, South Africa, April 12, 2016/ -- The Deputy Minister of the Department of Trade and Industry (www.TheDTI.gov.za), Mr Mzwandile Masina is leading a delegation to the Annual Investor Meeting (AIM) which is hosted under the patronage Sheik Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The AIM conference focuses on Foreign Directives Investment (FDI) attractiveness, best practise, global hot spots and future FDI destinations.

Masina is also attending 2nd Indian Ocean Rim Association (IORA) Ministerial Economic and Business Conference to be held in Dubai from 11-13 April 2016. The conference will be held under the theme “SMEs and Innovation investing in a Sustainable and Inclusive Future”.

Masina received on behalf of South Africa, the dti and InvestSA two investment awards presented by UAE Minister of Economy Mr. Saeed Al Mansoori. Deputy Minister Masina congratulates the dti and InvestSA in achieving the runner-up for best investment project facilitated in the Southern African Region and 3rd prize for investment agency in the Indian Ocean Rim Association countries (IORA). 1500 people from the global investment fraternity attended the investment.

The AIM Investor project award is for the MPACT PET Recycling project which will be launched in this month in Wadeville, Gauteng. Deputy Minister Masina says these awards are a vote of confidence in South Africa as an investment destination of choice and our ability to facilitate such investments as a government. President Jacob Zuma recently announced an Inter-Ministerial Committee on investment and a InvestSA approach to improve our overall investment climate and to fast track, unblock and reduce red tape in government.

“These investment awards are evident that our Investment division, Invest South Africa can compete, is right there with best and is capable of facilitating large scale projects. Winning two investments awards demonstrate that Government remains hard at work and will continue to make South Africa an attractive destination”, says Deputy Minister Masina.

Distributed by APO (African Press Organization) on behalf of The Department of Trade and Industry, South Africa.